Largest Internet-Based Retailer Joins The Crypto Industry

In General, News
Cryptocurrency

Exciting news on cryptocurrency is all over the online world! In the past months, we have heard different companies starting to embrace the digital currency as part of their accepted transaction currency. Several countries have stood firm on the belief that this new age coin will change foreign transactions forever.

Today we again witness another amazing news.

Amazon, the leading E-commerce giant, has announced their purchase of three crypto-based domains. Although, it is not clear if they are open for crypto-related transactions, this shows that they are preparing for a possible move to the digital currency world.


Amazon just bought three domain names related to cryptocurrency


Amazon has secured three new domain names related to cryptocurrency, sparking speculation that the e-commerce giant could be preparing a move into the cryptocurrency space. 

However, Amazon Pay’s VP Patrick Gauthier told CNBC last month that Amazon had no plans to accept cryptocurrency because there hasn’t been much demand yet, and Amazon may simply be protecting its brand name.

The domains are: amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com.

Trade publication DomainNameWire was the first to report on Amazon’s move. The report said Amazon registered for the domains on Tuesday.

The news comes as bitcoin, the largest cryptocurrency by market cap, smashed through a new record high price on Wednesday, reaching $6,600 for the first time, following news of CME’s plan to launch bitcoin futures later this year.

There have been some rumors of Amazon eventually accepting cryptocurrencies, like bitcoin, but the company has never acknowledged these plans. Just last month, another unfounded rumor about Amazon’s acceptance of bitcoin drove up bitcoin’s price immediately.

In any case, Amazon seems intent on owning multiple cryptocurrency-related domain names. According to Coindesk, Amazon signed up for the domain “amazonbitcoin.com” three years ago. Amazonbitcoin.com now takes you straight to Amazon.com.

Via CNBC


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